Gamco Investors INC. ET AL Raises Stock Holdings in Fox Corporation $FOX

Key Points

• Gamco Investors INC. ET AL increased its holdings in Fox Corporation by 2.5%, now owning approximately 0.14% of the company, valued at $32.8 million.
• The company's recent quarterly earnings report showed $1.27 earnings per share, exceeding analysts' expectations of $1.03.
• Fox Corporation announced a dividend of $0.28 per share, set to be paid on September 24th to shareholders of record on September 3rd.

Gamco Investors INC. ET AL increased its position in Fox Corporation (NASDAQ:FOX - Free Report) by 2.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 622,583 shares of the company's stock after acquiring an additional 15,101 shares during the period. Gamco Investors INC. ET AL owned approximately 0.14% of FOX worth $32,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in FOX by 66.2% in the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company's stock worth $31,000 after acquiring an additional 231 shares during the last quarter. IFP Advisors Inc raised its stake in FOX by 457.6% in the 1st quarter. IFP Advisors Inc now owns 697 shares of the company's stock worth $37,000 after acquiring an additional 572 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in FOX by 183.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company's stock worth $42,000 after acquiring an additional 518 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of FOX during the 1st quarter valued at about $69,000. Finally, Versant Capital Management Inc raised its stake in shares of FOX by 327.3% during the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock valued at $71,000 after buying an additional 1,031 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company's stock.

FOX Stock Performance

NASDAQ FOX opened at $54.64 on Tuesday. The stock has a 50-day simple moving average of $51.55 and a two-hundred day simple moving average of $50.12. The firm has a market capitalization of $24.34 billion, a P/E ratio of 11.13, a PEG ratio of 1.34 and a beta of 0.58. Fox Corporation has a fifty-two week low of $35.89 and a fifty-two week high of $55.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.76 and a current ratio of 2.91.

FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.24. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.12 billion. FOX had a return on equity of 18.86% and a net margin of 13.88%. On average, equities analysts forecast that Fox Corporation will post 4.25 earnings per share for the current year.

FOX Announces Dividend

The business also recently disclosed a half year 25 dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 3rd. FOX's dividend payout ratio (DPR) is presently 11.00%.

Insider Buying and Selling at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of FOX stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the transaction, the chief financial officer owned 133,923 shares in the company, valued at approximately $7,405,941.90. This trade represents a 22.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 23.06% of the company's stock.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.

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